No. Accidental death insurance pays only if you die from a specified, defined accident whereas the basic life insurance policy covers death by any cause, at any time in any place - except for suicide within first 2 policy years (1 year in some states). Accidental death insurance does serve a purpose, especially for young people because accidents are the leading cause of death for young people. Many accidental death policies for children are not available to applicants 15 years or older due to the huge and deadly track record of teenage drivers.
No it is two separate things. An accidental death policy also called AD&D (Accidental Death and Dismemberment) only pays a benefit to the beneficiary if the insured is killed accidentally. These policies are usually very inexpensive and guarantee issue underwriting.
A full life insurance policy covers all types of deaths including accidental death. The only exception is on suicide which all most all policies have a two year exclusion for that cause of death. An accidental rider can be added to most life insurance policies very inexpensively to double the face amount in case of an accidental death as well.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
I have two things to add to this conversation. Accidental death claims are infrequent, but they do occur. Sound financial planning would never be built upon an assumed accidental death. However, some people cannot qualify for life insurance and for them accidental death insurance is their only option and they should exercise that option.
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A full life insurance policy covers all types of deaths including accidental death. The only exception is on suicide which all most all policies have a two year exclusion for that cause of death. An accidental rider can be added to most life insurance policies very inexpensively to double the face amount in case of an accidental death as well.